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<br /> S. H�rd or t4operly Iw�raNCe. Borrowu�hall keep tfio i�n��u aow exia➢n� or t�ena�ftar erected on the
<br /> Propeny Inwred t�airut Iou by fire.h�z�rdt includal withln tl�e urtn "cxtendal covw�t�e"and a��y other h�ziuiia, it�cludla�
<br /> flood:or flcx�din�, for wMch Lender roquira inwrance. Thi:inwranoe�lu�l1 be m�intained in the anaunta md foe the period�
<br /> thu I.a�der roquiros. The inwrance curier providin�the in�wnupe stull be choeen by Borrower aubja.^t W Lender's approvd
<br /> which�lull not be unre,�sonably withheld. If Horrowsr faila to maint�in coverngc descrlbod above. Laider rtu�y. �t La�de�'t
<br /> aption,obt�in coverage to prAtect L.ernler's dghts in the Proptrty ln a000rduue with paragrxph 7.
<br /> -,��._...�.�,-4----.-,�.,
<br /> All insunu�ce palicies and renewds shall be acaptAble to LeMer and shdl include a standa�d moctg+�ge clatue. Lender
<br /> - sh�tl tuve the ri�ht to hold the poticies u�d rcnewds.If I.ender requircs. Horrowcr siwll prony�tly give tu Lxider al r ptc o
<br /> pW prcmiuma and renewa�notias. In the event of loss,Borrower shall�ive pmmpt notia W the inwnuwe avrier aad Lader.
<br /> Lender may nwlce proof af loss if nat nwde prompdy by Borrower.
<br /> IInlesc Lende�and Horrower ottunvlse�gere in writing,insuraixe pmceacis shall be applied to restoration or repair of the
<br /> Proprrty damaged,if the restor�tion or rcpair is a:onomically feasible and Lender's security is not leasene�t. If the nstoration oc
<br /> repair is not economically fesisible or Lender's security would be lessened,the iasurance pracoeds stwll be appliod to the swna
<br /> -- saured by thie Security Inatrumcnt. whether or not then due, with anv exass paid to Botrower. If Borruwer ubando►tit the
<br /> Property, or doea not answer within 30 days a iwtice from Lender that the insurance carrler has affemd to settle a claim.then
<br /> Lender rtwy cultect the insurw�ce praceeds. L.encler may use the proceeds to repair or reston the Property or to p�y surt�
<br /> saured by this Securlty Instrument. whether or not then duc.The 30-day per�od will begin when the notia is givcn.
<br /> Unless i.ender and Horrower ottierwlse agree in wrltinR. any application af procxds to principal shall not extend or
<br /> poctpone tht due date of the monthly p�yments refcmai to in pars�graphs 1 and 2 or change the amount of the payments. If
<br /> �-=�'� utder patagraph 21 the PropeRy is acquired by Lender, Borrower's right to any lasurance policiec and procads resv(tIng from
<br /> - damage to the Property pr�or to the acqulsition shwll pass to Lender to the exient of ttie suma securod by thi�Security lnttrument
<br /> imnediately prior to the acquisition.
<br /> -- ;.., 6.Occup�u�cy,PceservAtioa,MAlnterwnce And ProtecNon of the Property; Borrower's Loan AppllcAtian;I.easeholda.
<br /> Borr�ower stwll occupy,establish,and use the Property as HorrowePs pdncipal residence within sixty days after the execut�on of
<br /> this Security Instrument and shall continue to occupy the Properry as Borrower's principal residence for at least one year�fter
<br /> the date of occupancy.unless L.ender othenvise agrees in wrlting,which consent shall not be unreasonably w[thheld,or unle�s
<br /> ,�,r;,� ,�..• ��.t; extenuating circumstances exist which are beyond Borrower's cantrol. Borcawer shall not destroy, damage or impair the
<br /> - �,�'$'i�'�':�- � Property. allow the Property to deteriorate,or commit waste on the Property. Borrower shall be in default if any forfeiture
<br /> ' 'it�,r*���`:�-;; �'=`� action or proceeding. whether civil or criminal.is begun that in Lende:'s good faith judgment could result in forfeitun of the
<br /> - - ��'�'' '�,�'�,�,;' Property or othcrwise materially impair the lien created by this Security Instrument or L.ender's security interat. Borrower may
<br /> �=� �••.'��;';;;���_ curo such a default und retnstate.as provide�d in paragraph 18,by causing the action ar proceeding to be dismissed with a ruling
<br /> •; ,� � • that. in L.ender's good'faith determination, precludes forfeiture of the Borrower's interest in the Property or otlur matcrial
<br /> � impaimicnt of the lien created by this Socurity Instrument or L.ender's security interest. Bonower shall also be in default if
<br /> •� " Borcower.during thc loan application process, gave materially false or inaccurAtc infomwtian or statcments to L.ender(or failed
<br /> to provide Lender with any material information)in connection with the loan ev3denced by the Note.including,but not limited
<br /> ,, to,representations concerning Barrower's cucupancy of the Yroperty a�a principal residence.If this Seeurity Instrument is on a
<br /> " Ieuehold, Borrower shell comply with all the provisions of the Icase. If Borrower acquires fce title to the Property. the
<br /> leasehold and the fee title shnll not mergc unless Lender agrees to thc merger in writing.
<br /> � 7.Protection of I.ender's Ri�;hts in the Property. If Borrowcr fails to perform the covenants and agreements contained in
<br /> this Security Instrument, or thcre is a legal proceeding thut may significantly affect Lender's rights in the Property(such as a
<br /> ��'� � ' " ' ' proceeding in bankruptcy, probnte, for condemnation or forfeiture or to enforce laws or regulations),then Lender may do and
<br /> ''�Y for whatever is nccessa to rotat thc valuc of thc Pro rt anJ C.endcr's ri htti in thc Pro rt I.ender's actions rr�
<br /> A t. WY rY P P� Y ' S P� Y• Y
<br /> • include paying any sums secured by a lien which hati priority over this Security Instrument, appearing in court, paying
<br /> s� reaconable uttorneys' fee�anci entering on the Prap�:rty to muke repairs. Although Lender may tnke Action under this paragraph
<br /> : • . 7,Lendcr dces not havc to do so.
<br /> y � .� Any amounts disbursed by L.endcr under this parugraph 7 shall bccomc •rdditional debt of Borrower secured by this
<br /> ' • . Security Instrument. Unles�Borrower and Lendcr ugrec to athcr tcrms uf p�yrn�nt, thcu:�mounts shall bcar interest from the
<br /> d�ie of disbursement at the Notc r�tc und shall bc payuble, with intcrest. upcm nuticc (rom Lcnder to Borrower requesting
<br /> • payment.
<br /> ' S.Mortgage]ntiuranee. If Lender required murtgage in�ur�nrc as a curxiitinn of making the loan secured by this Security
<br /> ' Instrumcnt, Bonower shull puy the prcmiumti reyuircd to maintain th� mongagc in,urancr in cffect. If, far any reason, the
<br /> ! nwrtgage insurnnce coverage reyuired by Lendcr lapu�ur cea�c,tu be in effert, Borrower xhull pay the premiums required to
<br /> � • . nbtain coverage �ubstantially equivalcnt to the �nurtgagc imurancc prrviou�ly in cf'fcrt, at u rust suhxtuniially eyuivalcnt to the
<br /> � cost to Bormwer of thc mortgagc in�uranrc prcvioutily in cffcrt, trum an altrrnatc m�mgage in.urcr approvcd by L.ender. If
<br />. substantially equivalcnt mortgagc imuranrc rovcrage i+ not availuhlc. B��rr��wcr.hall puy ta l.cndcr carh month a sum equal to =
<br /> one-twclfth of the yearly mortgagc intiuranrc prcmium bcing paid hy &�rruwcr whrn thc inwrance covcrage lapscd or ceased to
<br /> '" � � � bc in effcct. L.enJcr will arrept. u�r unJ rctain thcsc paymentr as •r lu,. reu�n•r in licu of mortgage in�urancc. Loss rescrve �
<br /> Form 3028 9/90
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